Bitcoin - Crypto investing and trading discussion

Discussion in 'Crypto Forum' started by heyimsnuffles, Dec 22, 2016.

  1. StockJock-e

    StockJock-e Brew Master
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    Its past that point, crypto and specifically DEFI is making massive changes in the financial world.
     
  2. XxGoFish

    XxGoFish Member

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    I wouldnt agree. I would say BitCoin has only been "popular," or "mainstream," since late 2020. That is also when it saw its most significant value gain as well.

    Time will tell.

    On a positive note, I did just land a new job, so I can afford to leave my investments in place, which does include crypto. So I hope it goes up, but I will still keep my crypto holdings to around 10% and in my personal "high-risk" category.

    I wish I could get into real estate :( .... soon.
     
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  3. StockJock-e

    StockJock-e Brew Master
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    Being a fad would imply its something which got popular fast and then fades away.

    Most of us involved in the markets have been involved or at least known of crypto for years already. If you had said its a fad back in 2014, yeah I would not dismiss it.

    At which point is it not a fad? 10yrs? 15yrs? 20yrs?

    Congrats on the new job!
     
  4. T0rm3nted

    T0rm3nted Moderator
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    A few weeks ago Pokemon cards started getting talked about a ton again while NFT's were blowing up. There were people streaming themselves opening packs of cards. Cases of cards were with like $1M last month.
     
  5. StockJock-e

    StockJock-e Brew Master
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    Also Logan Paul wears that $1M pokemon card as a flex

    upload_2021-6-11_8-19-8.png
     
  6. StockJock-e

    StockJock-e Brew Master
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    There has been a shift from the alt-coins to BTC over the past few sessions. BTC market dominance charted below here in a 4hr chart:

    upload_2021-6-13_9-44-29.png

    The previous move to 48 there was the bounce, this current run here is a more of an accurate indicator for altcoins being sold and money shifting into BTC.

    What we typically see during a bull market or the reversal of downtrends is money moving into BTC first, then the alts catching up later. This is just one possible signal you should have in your arsenal.
     
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  7. StockJock-e

    StockJock-e Brew Master
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    Starting to reach some good fear levels here.

    All this media attention of a horrible death cross is exactly what crypto needs for a good final flush.
     
  8. StockJock-e

    StockJock-e Brew Master
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    Thats what everybody is saying and market bottoms need a point of maximum fear.

    So if getting a flush under 30k is what does it...
     
  9. StockJock-e

    StockJock-e Brew Master
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    Here we go, a nice big dip below 30k which spooks everybody.
    upload_2021-6-22_11-27-55.png
     
  10. RachXchange

    RachXchange Member

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    I'm new to all this stock stuff I thought I would just try it out and get some advice about I always wondered about that by to Kim and cripta all out of those is this as anything good look on the internet it always says like the stuff is never going to be worth anything I have no idea I've never invested in stocks I don't know much about this I just was just wondering cuz I feel a lot about I thought I would just be no dick questions answer just what other people think I don't know where else to really ask but
     
  11. StockJock-e

    StockJock-e Brew Master
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    Little pump to 34k now, looks like bounce buyers
     
  12. RachXchange

    RachXchange Member

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    I have no idea what that even means lol.
     
  13. ddebrazza

    ddebrazza Active Member

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    I am holding onto BTC and several other crypto-assets. Not much, about 400$ in BTC, 100$ in ETH, and then between 30-10$ in about 8 others including ALGO, SOL, DOT, ADA, MATIC, OXT, DOGE, AMP, and ANKR

    I am new to investing but have been doing quite a bit of research over the last few months. My breakdown of investments is currently 70% stocks, 30% crypto-assets. I am crypto-heavy and wouldnt mind 10% into purchasing Gold and shifting another 10% into additional stocks.

    I view Home ownership as the greatest investment, but have not been able to make that move quite yet. Hopefully in the next 2-3 years.

    Where do most of you do your Crypto purchasing/selling/holding? As a newbie I first got into CoinBase but their fees are quite excessive. I use Robinhood for my stocks (I know, again probably not the best) and they have a very limited selection of crypto-assets, only really BTC and ETH. I have been thinking of switching to M1 Finance but not sure if they even have a crypto-market.

    So, best crypto exchange platform? best crypto-asset wallet?
     
    #733 ddebrazza, Jun 23, 2021
    Last edited: Jun 23, 2021
  14. ddebrazza

    ddebrazza Active Member

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    Thank you China for shutting down all the BTC Miners, now that puts Americans and the rest of the world at a serious advantage when it comes to BTC Mining and profitability.
     
  15. StockJock-e

    StockJock-e Brew Master
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    If the support holds today and tomorrow, it feels like this is getting ready to rip higher
     
  16. StockJock-e

    StockJock-e Brew Master
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    What a time to be trying to get into home ownership...

    Its rough out there!
     
  17. ddebrazza

    ddebrazza Active Member

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    Precisely why we have decided to sit out a little longer. Even though I really hate the idea of renting, I think the potential savings 13-15 months from now may be worth it. Maybe not. That time will be used to improve my credit score and save for a larger down payment as well.
     
  18. StockJock-e

    StockJock-e Brew Master
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    It greatly depends on your area.

    I just moved into the Vancouver area, we did the same thing and waited because we thought that COVID would knock prices down a bit, instead everything went up 50% :D

    But now that all these COVID related subsidies are expiring, you may get some additional housing supply hitting the market!

    I hope you get something at a good price.
     
  19. ddebrazza

    ddebrazza Active Member

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    Wow, BitCoin is at $30,900$ and I saw it as low as $30,500. I entered BTC just under $40k.

    Killing my winning percentage right now!
     
  20. Miguel Marcos

    Miguel Marcos New Member

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    The other day I read on CryptoWhale twitter account that he expects BTC at 7k later this year. I can't even imagine how much the alts would cost if this scenario turns out to be true. Anyway, I guess it is high time to buy BTC. I am currently in the UK and it is not that easy to buy BTC since Binance was banned in the UK :(
     
    #740 Miguel Marcos, Jun 26, 2021
    Last edited: Jul 3, 2021

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